Club is fucked (6 Viewers)

stupot07 said:

Yes, perhaps instead of spending c£40m on funding losses of a mediocre squad over the last 7 years, they should have spent another £60-70m and took a proper punt, albeit probably failing. At least we could look back on the last 7 years and say "hey oh, we may be £100m+ in debt but at least we took a punt...."

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Instead of spending £50m in 7 years and taking the club down, why not, say, £30m in 3 years and try and take the club up?

The end result will probably be the same if we didn't go up to when Sisu get bored here.

shmmeee said:

Instead of spending £50m in 7 years and taking the club down, why not, say, £30m in 3 years and try and take the club up?

The end result will probably be the same if we didn't go up to when Sisu get bored here.

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Losing £6-7m in the championship when they took over, spending another £3-4m per season wouldn't have been enough, given how low our turnover is. It certainly wouldn't have been enough to fund a promotion charge.

Grendel said:

Yes it would be great -- we could be the new Portsmouth

Unfortunately I think there will be no start again at the Ricoh now the whole world knows what duplicitous coniving scum lurk in the Coventry Council offices.

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Duplicitous conniving scum? The people who started withholding rent at the same time as loading a watertight debenture against the club to help bankrupt another business would be a good shout for that. Plan A, distress ACL by withholding rent-Plan B, use debenture to sell club back to itself if ACL try to get money back-Plan C, pull team to Northampton to distress ACL again.